The Stanley Works to acquire Security Group for $56M

HeatherWilson

SAN FRANCISCO (CBS.MW) -- The Stanley Works
SWK, +0.64%
said late Monday that it will acquire Security Group Inc. and its two primary units, Sargent & Greenleaf and The SafeMasters Co., for $56 million in cash and debt. The deal is subject to customary closing conditions and regulatory approval and is expected to close in either the fourth quarter of 2004 or the first quarter of 2005.

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